The chief investment officer of one of the world’s largest trading platforms says the company is bullish on stocks in 2026.
In a new interview on CNBC, Robinhood CIO Stephanie Guild says that despite some potential headwinds, the company is forecasting an 8.7% move on the S&P 500.
“We’ve definitely seen higher participation, and you’ve seen net purchases, you really have, especially in the summer. That said, net purchases across our customer base have declined somewhat from those sort of peaks in the October 29 period. But it’s still there. For next year, we’re looking at another strong year…
We do not predict double-digit returns for next year. Our base case next year is around 7,500 on the S&P 500. And that’s about 8.5, call it 8.7% to be specific. It depends on a lot of things that may happen in the economy. We do have some risks there. If there is a potential government shutdown, especially down the road, what happens with interest rates and the labor market will also be important. So we have some potential probability ranges around that, but our base case is solidly strong.”
Guild believes there is likely to be a “broadening” of the markets, rather than continued concentration with large caps and indices.
She says growth will also extend beyond technology and into other individual sectors.
“That broadening… When we came up with our base case, we looked at the earnings expectations for each of the individual sectors, and we saw that the tech sector is expected to grow 27% – the average as of 2011 is 12%. So we started by saying that there’s already a lot built into the expectations for the tech sector and we think there’s probably more beef coming from other sectors, and that’s why we think at the S&P 500 level we still have a It’s a good year, but this year it may be more supported by other sectors than just technology.”
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